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Bankless
The Role of Crypto in Creating a Stateless Identity
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- The current way of distinguishing between bots and humans is inefficient and problematic.
- Tech companies partnering with the government to implement state-issued identification is the default solution, but it has drawbacks.
- There is optimism that crypto can play a significant role in creating a decentralized and stateless identity.
- For a stateless identity to work, it should be decentralized, permissionless, private, and uncentrable.
- Crypto has the potential to fulfill these requirements for a stateless identity.
- No one else, including Silicon Valley and tech companies, is actively working on building a stateless identity system.
- Separation of money and state was the first step for crypto, and separation of identity and state is the next crucial step.
- Both the ability to separate money and state and identity and state are essential in navigating potential dystopian authoritarian scenarios in the 21st century.
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